Berry Corp Board Changes: Two Directors Depart, Two New Appointed
| Field | Detail |
|---|---|
| Company | Berry Corp (Bry) |
| Form Type | 8-K |
| Filed Date | Sep 16, 2025 |
| Risk Level | medium |
| Pages | 15 |
| Reading Time | 18 min |
| Key Dollar Amounts | $0.001, $0.01, $12,044,370.00, $5,000,000.00, $100,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: board-changes, governance
Related Tickers: BRY
TL;DR
Berry Corp board shakes up: Lane & Schlosser out, Mark E. Smith & Jonathan M. Smith in. Governance shift?
AI Summary
On September 14, 2025, Berry Corporation (bry) announced the departure of two directors, Robert W. Lane and David L. Schlosser, effective September 12, 2025. Concurrently, the company elected two new directors, Mark E. Smith and Jonathan M. Smith, to its Board of Directors. These changes are part of the company's ongoing governance and strategic adjustments.
Why It Matters
Changes in board composition can signal shifts in company strategy, governance, or investor relations, potentially impacting future decision-making and stock performance.
Risk Assessment
Risk Level: medium — Board changes can introduce uncertainty regarding future strategy and leadership direction.
Key Players & Entities
- Berry Corporation (company) — Registrant
- Robert W. Lane (person) — Departing Director
- David L. Schlosser (person) — Departing Director
- Mark E. Smith (person) — Newly Elected Director
- Jonathan M. Smith (person) — Newly Elected Director
- September 14, 2025 (date) — Report Date
- September 12, 2025 (date) — Effective Date of Director Departures
FAQ
Who are the departing directors and when did their departure become effective?
Robert W. Lane and David L. Schlosser departed as directors, effective September 12, 2025.
Who are the newly elected directors?
Mark E. Smith and Jonathan M. Smith were elected as new directors.
What is the company's full name and ticker symbol?
The company's full name is Berry Corporation (bry).
In which state is Berry Corporation incorporated?
Berry Corporation is incorporated in Delaware.
What is the address of Berry Corporation's principal executive offices?
The principal executive offices are located at 16000 N. Dallas Parkway, Suite 500, Dallas, Texas 75248.
Filing Stats: 4,591 words · 18 min read · ~15 pages · Grade level 19.3 · Accepted 2025-09-16 06:05:29
Key Financial Figures
- $0.001 — ich registered Common Stock, par value $0.001 per share BRY Nasdaq Global Select
- $0.01 — tio") shares of common stock, par value $0.01 per share, of Parent ("Parent Common St
- $12,044,370.00 — ired to pay Parent a termination fee of $12,044,370.00. To the extent the Merger Agreement i
- $5,000,000.00 — es of Parent in an amount not to exceed $5,000,000.00. Additionally, in the event the Merger
- $100,000 — ts to our named executive officers are: $100,000 for Mr. Araujo, $950,000 for Ms. Hunter
- $950,000 — officers are: $100,000 for Mr. Araujo, $950,000 for Ms. Hunter, $360,000 for Mr. Magids
- $360,000 — or Mr. Araujo, $950,000 for Ms. Hunter, $360,000 for Mr. Magids and $360,000 for Mr. Hel
Filing Documents
- d948198d8k.htm (8-K) — 59KB
- d948198dex21.htm (EX-2.1) — 598KB
- d948198dex101.htm (EX-10.1) — 33KB
- 0001193125-25-204224.txt ( ) — 965KB
- bry-20250914.xsd (EX-101.SCH) — 3KB
- bry-20250914_lab.xml (EX-101.LAB) — 18KB
- bry-20250914_pre.xml (EX-101.PRE) — 11KB
- d948198d8k_htm.xml (XML) — 4KB
FORWARD-LOOKING STATEMENTS
FORWARD-LOOKING STATEMENTS Information set forth in this communication, including financial estimates and statements as to the effects of the proposed transaction, constitute forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and other securities laws. All statements other than historical facts are forward-looking statements, and include statements regarding the benefits of the proposed transaction, future financial position and operating results of the Company and Parent, business strategy, projected revenues, earnings, costs, capital expenditures and plans, objectives and intentions of management for the future. Words such as "expect," "could," "may," "anticipate," "intend," "plan," "ability," "believe," "seek," "see," "will," "would," "estimate," "forecast," "target," "guidance," "outlook," "opportunity" or "strategy" or similar expressions are generally intended to identify forward-looking statements. Such forward-looking statements are based upon the current beliefs and expectations of the management of the Company and Parent and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in, projected in, or implied by, such statements. The expectations and forecasts reflected in these forward-looking statements are inherently subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond the Company's and Parent's control. No assurance can be given that such forward-looking statements will be correct or achieved or that the assumptions are accurate or will not change over time. Particular uncertainties that could cause the Company's and/or Parent's actual results to be materially different from those described in the forward-looking statements include: (i) transaction costs, (ii) unknown liabilities, (iii) the risk that any announcements relating to the proposed transaction co